Question

1. What are the advantages and
limitations of Accounting ? *​

Answer 1

Explanation:

Merits and Demerits of Accounting. Some of the advantages of accounting are Maintenance of business records, Preparation of financial statements, Comparison of results, Decision making, Evidence in legal matters, Provides information to related parties

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Answer 2

Answer:

Merits and Demerits of Accounting. Some of the advantages of accounting are Maintenance of business records, Preparation of financial statements, Comparison of results, Decision making, Evidence in legal matters, Provides information to related parties.

Explanation:

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